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AT&T Wireless and Sprint PCS Complete Spectrum Swap

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May 13, 2002, 10:45 AM by (staff)

Sprint PCS and AT&T Wireless last week announced the completion of an equal exchange of certain 10 MHz blocks of PCS spectrum in major U.S. markets under an agreement announced by both companies in November 2000. The spectrum exchanged covers approximately 18.5 million potential customers, or "licensed POPs," for each company. As a result of the exchange, AT&T Wireless acquired additional spectrum in San Francisco, Calif.; Seattle, Wash.; West Palm Beach, Fla.; Miami-Ft. Lauderdale, Fla.; Austin, Texas; Salt Lake City, Utah and San Luis Obispo, Calif. In return, Sprint received spectrum for Atlanta, Ga.; Houston, Texas; Charlotte, N.C.; Raleigh, N.C.; Greensboro, N.C.; Memphis, Tenn.; Santa Fe, N.M. and Cleveland, Ohio.

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